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  • NGX Announces Its Cleared Energy Products Are Futures

    Date 05/10/2012

    Natural Gas Exchange Inc. (NGX), a wholly-owned subsidiary of TMX Group, today announces that its derivatives clearing organization (DCO) is clearing all NGX energy products as futures contracts under U.S. regulations. Changes to the regulation of exempt commercial markets (ECMs) resulting from the Dodd-Frank Act for the first time require identification of NGX's contracts as either futures or swaps. Clearing its energy products as futures contracts under U.S. regulations ensures NGX's continued compliance with U.S. requirements and brings Canadian and U.S. regulation into alignment.

  • Board Decisions Further Global Regulatory Reform And Strengthen IOSCO

    Date 05/10/2012

    The Board of the International Organization of Securities Commissions (IOSCO) met in Madrid this week to progress its current work agenda and set a path for future work. This was the Board’s first meeting since its creation at IOSCO’s Annual Conference in Beijing to give IOSCO a more efficient and inclusive structure.

  • TOM MTF Statistics Week 40

    Date 05/10/2012

    Click here to download the weekly statistics update of TOM MTF for week 40 - 2012. 

  • SEC Charges Four Brokers With Defrauding Customers In $18.7 Million Scheme

    Date 05/10/2012

    The Securities and Exchange Commission today charged four brokers who formerly  worked on the cash desk at a New York-based broker-dealer with illegally  overcharging customers $18.7 million by using hidden markups and markdowns and  secretly keeping portions of profitable customer trades.

  • UK's Financial Services Authority Bans Payments From Discretionary Investment Managers To Advisers

    Date 05/10/2012

    The Financial Services Authority (FSA) is consulting on a change to its adviser charging rules to ensure advisory firms do not receive any kick-back payments from discretionary investment managers in exchange for recommending their services. Under the Retail Distribution Review’s adviser charging rules, advisory firms should only be paid for the personal recommendations and related services they provide to their clients through the charge agreed with their client. They should not be remunerated by discretionary investment managers.